Europe Cannabidiol Market Size & Outlook, 2023-2030

The cannabidiol market in Europe is expected to reach a projected revenue of US$ 1,759.6 million by 2030. A compound annual growth rate of 26.1% is expected of Europe cannabidiol market from 2024 to 2030.
Revenue, 2023 (US$M)
$347.7
Forecast, 2030 (US$M)
$1,759.6
CAGR, 2024 - 2030
26.1%
Report Coverage
Europe

Europe cannabidiol market highlights

  • The Europe cannabidiol market generated a revenue of USD 347.7 million in 2023.
  • The market is expected to grow at a CAGR of 26.1% from 2024 to 2030.
  • In terms of segment, hemp was the largest revenue generating product in 2023.
  • Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 347.7 million
Market revenue in 2030USD 1,759.6 million
Growth rate26.1% (CAGR from 2023 to 2030)
Largest segmentHemp
Fastest growing segmentHemp
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHemp, Marijuana
Key market players worldwideMedical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp

Other key industry trends

  • In terms of revenue, Europe region accounted for 4.5% of the global cannabidiol market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 1,759.6 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Cannabidiol Market Companies

Name Profile # Employees HQ Website

Europe cannabidiol market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabidiol market will help companies and investors design strategic landscapes.


Hemp was the largest segment with a revenue share of 56.08% in 2023. Horizon Databook has segmented the Europe cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Cannabidiol Product Outlook (Revenue, USD Million, 2018-2030)
    • Hemp
    • Marijuana
  • Europe Cannabidiol Sale Type Outlook (Revenue, USD Million, 2018-2030)
    • B2B
      • Pharmaceuticals
      • wellness
        • Food & Beverages
        • Personal Care & Cosmetics
        • Nutraceuticals
        • Others
    • B2C
      • Medical
        • Chronic Pain
        • Mental Disorders
        • Cancer
        • Others
      • Personal Use

Reasons to subscribe to Europe cannabidiol market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe cannabidiol market databook

  • Our clientele includes a mix of cannabidiol market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cannabidiol market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Europe cannabidiol market size, by country, 2018-2030 (US$M)

Europe Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)

Europe cannabidiol market size, by country, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more